Mango Life, S.A.P.I. de C.V.
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Mango Life, S.A.P.I. de C.V. - overview
Established
2017
Location
Guanajuato, Guanajuato, Mexico
Primary Industry
Financial Services
About
Mango Life, S. A. P. I.
de C. V. is an online gaming company based in Mexico, specializing in diverse gaming experiences tailored for local users, including slots, table games, and live dealer options. Founded in 2017 in Guanajuato, Mexico, Mango Life offers an online betting platform that provides a variety of gaming experiences for its users.
The company raised USD 0. 30 million in an Angel funding round from individual investors on May 18, 2019, marking its first known deal. Mango Life operates an online betting platform that features a wide range of gaming options, including classic slots, table games like roulette and blackjack, and live dealer experiences. The games are developed by recognized providers such as Pragmatic Play, Evolution Gaming, and NetEnt.
The platform is designed to deliver localized gaming experiences with popular payment methods and customer support in Spanish, primarily serving customers in Mexico, while also attracting players from other regions in Latin America due to its international licensing under Curacao. Mango Life generates revenue through a direct-to-consumer model, primarily earning from transaction fees on bets placed on its platform. Users register to create accounts, deposit funds, and engage in online gaming, with various promotions enhancing user engagement. The revenue structure includes gaming fees from player stakes, and transactions are securely facilitated on the platform.
Additionally, revenue is bolstered by in-app purchases and partnerships with game developers. The extensive library of over 8,000 games ensures consistent engagement and transaction flow from users. Mango Life plans to leverage the funds raised in its recent Angel financing round to enhance its product offerings and expand its market reach. The company aims to introduce new gaming products in the near future, although specific release dates have not been disclosed.
Strategic plans include expanding its reach beyond Mexico into other Latin American markets, aiming to establish a stronger presence by the end of 2023, thereby attracting a broader user base.
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.mangolife.mx
Company Stage
Angel & Seed
Total Amount Raised
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